FundedNext is a proprietary trading firm who have been developing for two and a half years before they decided it was the right time to go live. They have prepared funding options for traders worldwide while operating from four different locations.
- In development for 2.5 years before the launch
- Excellent Trustpilot rating of 4.7/5
- Developed their own mainline MT5 Server ''GrowthNext Server''
- Instant Phase 1 & Phase 2 account credentials
- Unlimited evaluation free retries
- Maximum balance of $4,000,000
- Balance-based drawdown
- No time limitations
- Profit split of 15% for evaluation stages
- Up to 90% profit split
- Profit sharing even if account is breached
- No restrictions on trading style
- Overnight and weekend holding allowed
- Scaling account option
- Leverage 1:100
- Swap-free accounts with raw spreads
- A large variety of trading instruments (forex pairs, commodities, indices)
- No commission costs on indices
- Free trading psychologists
- Minimum trading days: 5
- No news trading with Express model accounts
- Consistency rule for Express model accounts
Traders at FundedNext are encouraged to become successful in their trading careers. The main priority that they expect from their clients is that they are disciplined individuals who properly manage risk and focus on long-term consistency. This can be seen through the scaling plan they offer with a massive cap of $4,000,000. Traders are eligible to profit splits of 60% up to 90%, depending on their chosen funding program option. They can achieve these profits by trading forex pairs, commodities, and indices.
Who are FundedNext?
FundedNext is a proprietary trading firm incorporated on the 18th of March, 2022. They strive to provide their traders with a comfortable trading environment. To accomplish that, they have come up with four different funding models: Two-step Stellar, One-step Stellar, Evaluation, and Express. They have offices located in the UAE, USA, UK, and Bangladesh while offering traders capital up to $4,000,000 with up to 90% profit splits. FundedNext is partnered with Eightcap as their broker.
Their headquarters are located in the United Arab Emirates at the following address: AI Robotics HUB, C1 Building, AFZ, Ajman, United Arab Emirates.
Who is the CEO of FundedNext?
Abdullah Jayed is globally recognized as one of the most promising young entrepreneurs in the digital sector and the retail trading industry. He founded Jayed Corp back in 2016 with the intention of creating opportunities for employment on a global basis and additionally simplifying people’s lives.
He is very well known for founding the following projects: Growth Alliance, MoneyBackFX, and eComChef, which all became leading companies within the market in a short period of time. Additionally, after finding major success in the retail trading industry, he also founded FundedNext, which is a multi-million dollar proprietary trading firm that has become an extremely attractive opportunity inside the proprietary trading firm industry.
One of Jayed’s beliefs is that every young and enthusiastic individual should chase their dreams in order to reach their goals. This can be clearly seen in his FundedNext project, where he is encouraging traders with a solid trading strategy to test themselves and receive funding upon being successful in the evaluation. This way, traders can access larger amounts of capital and earn percentage-based profit splits as a reward for their hard work and dedication.
Anyone interested in following Abdullah Jayed can do so by following his Instagram and LinkedIn. This way, you will be able to see more of his posts and what he’s up to on a daily basis.
Video Review
Funding program options
FundedNext offers its traders four different programs to choose from:
- Two-step Stellar challenge model
- One-step Stellar challenge model
- Evaluation model
- Express model
- Consistency Express model
- Non-consistency Express model
Two-step Stellar challenge model accounts
FundedNext’s two-step Stellar challenge model account aims to identify serious and talented traders who are rewarded for their consistency in the two-phase challenge period. The challenge program account allows you to trade with 1:100 leverage.
| Account Size | Price (Standard) | Price (Swap-free) |
|---|---|---|
| $6,000 | $59 | $65 |
| $15,000 | $119 | $131 |
| $25,000 | $199 | $219 |
| $50,000 | $299 | $329 |
| $100,000 | $519 | $571 |
| $200,000 | $999 | $1,099 |
Challenge phase one requires a trader to reach a profit target of 8% while not surpassing their 5% maximum daily loss or 10% maximum loss rules. When it comes to time limitations, note that you have no maximum trading day requirements during phase one. However, you are required to trade a minimum of five trading days in order to proceed to phase two.
Challenge phase two requires a trader to reach a profit target of 5% while not surpassing their 5% maximum daily loss or 10% maximum loss rules. When it comes to time limitations, note that you have no maximum trading day requirements during phase two. However, you are required to trade a minimum of five trading days in order to proceed to a funded account.
By completing both challenge phases, you are awarded a funded account where you have no profit targets. You are only required to respect the 5% maximum daily loss and 10% maximum loss rules. Your first profit split will be 80% based on the profits that you made. In addition, you will also receive a 15% profit share based on the profit you make in each challenge phase once you make a return of 5% on your funded account. After your first payout, you will start receiving your payouts on a bi-weekly basis.
Two-step Stellar challenge model account scaling plan
Two-step Stellar challenge model accounts also have a scaling plan. You are required to reach a profit target of 10% or more within a four-month period where two out of the four months were profitable and the last month has to end in profit. You will receive an account increase of 40% of the original account balance with the possibility to increase your account balance all the way up to $4,000,000. In addition, your profit split will also increase to 90% when you scale your account for the first time.
Example:
After 4 months: If you have a $200,000 account, your account balance will increase to $280,000.
After next 4 months: Balance of $280,000 increases to $360,000.
After next 4 months: Balance of $360,000 increases to $440,000.
And so on…
Trading instruments for the two-step Stellar challenge model accounts are forex pairs, commodities, and indices.
Two-step Stellar challenge model account rules
- Profit target is a specific percentage of profit that a trader is required to obtain before they can complete an evaluation phase, withdraw profits, or scale their account. Phase 1 profit target is 8% while phase 2 has a profit target of 5%. Funded accounts have no profit targets.
- Maximum daily loss is the maximum loss a trader can reach on a daily basis before the account is violated. All account sizes have a maximum daily loss of 5%.
- Maximum loss is the maximum loss a trader can reach overall before the account is violated. All account sizes have a maximum loss of 10%.
- Minimum trading days is the minimum period which you are required to trade for before you can complete a challenge phase, or request a withdrawal. Both phases have a 5 minimum trading day requirement.
One-step Stellar challenge model accounts
FundedNext’s one-step Stellar challenge model account allows traders to meet the one-step challenge requirements with no maximum trading day requirements and up to 1:30 leverage.
| Account Size | Price (Standard) | Price (Swap-free) |
|---|---|---|
| $6,000 | $59 | $65 |
| $15,000 | $119 | $131 |
| $25,000 | $199 | $219 |
| $50,000 | $299 | $329 |
| $100,000 | $519 | $571 |
| $200,000 | $999 | $1,099 |
The one-step Stellar challenge model phase requires a trader to reach a profit target of 10% without surpassing the 3% maximum daily or 6% maximum loss rules. You have no maximum trading day requirements, so you can take as long as you please. However, during your trading period, you have a requirement to trade for at least 5 trading days per month. Note that this account type has no consistency rule to follow, meaning you can trade with almost no limitations with an end goal of reaching your profit target.
By completing your one-step Stellar challenge model phase, you are awarded a funded account where you have no profit targets. You are only required to respect the 3% maximum daily and 6% maximum loss rules. Note that this account type has no consistency rule to follow, meaning you can trade with almost no limitations. However, note that you are required to trade for a minimum of 5 trading days in each monthly trading cycle. Your first profit split will be 80% based on the profits that you made. You also receive a 15% profit share based on the profit you make in the challenge phase once you make a return of 5% on your funded account. Note that your profit split will increase up to 90% once you scale your account for the first time.
One-step Stellar challenge model account scaling plan
One-step Stellar challenge model accounts also have a scaling plan. You are required to reach a profit target of 10% or more within a four-month period where two out of the four months were profitable and the last month has to end in profit. You will receive an account increase of 40% of the original account balance with the possibility to increase your account balance all the way up to $4,000,000.
Example:
After 4 months: If you have a $25,000 account, your account balance will increase to $35,000.
After next 4 months: Balance of $35,000 increases to $45,000.
After next 4 months: Balance of $45,000 increases to $55,000.
And so on…
Trading instruments for the one-step Stellar challenge model accounts are forex pairs, commodities, and indices.
One-step Stellar challenge model account rules
- Profit target is a specific percentage of profit that a trader is required to obtain before they can complete an evaluation phase, withdraw profits, or scale their account. Profit target for the challenge period is 10%, while the funded account has no profit targets.
- Maximum daily loss is the maximum loss a trader can reach on a daily basis before the account is violated. All account sizes have a maximum daily loss of 3%.
- Maximum loss is the maximum loss a trader can reach overall before the account is violated. All account sizes have a maximum loss of 6%.
- Minimum trading days is the minimum period which you are required to trade for before you can complete a challenge phase, or request a withdrawal. You are required to trade for a minimum of 5 trading days during your challenge period. You will also be required to trade a minimum of 5 trading days in each monthly trading cycle.
Evaluation model accounts
FundedNext evaluation model account aims to identify serious and talented traders who are rewarded for their consistency in the two-phase evaluation period. The evaluation program account allows you to trade with 1:100 leverage.
| Account Size | Price (Standard) | Price (Swap-free) |
|---|---|---|
| $6,000 | $49 | $54 |
| $15,000 | $99 | $109 |
| $25,000 | $199 | $219 |
| $50,000 | $299 | $329 |
| $100,000 | $549 | $604 |
| $200,000 | $999 | $1,099 |
Evaluation phase one requires a trader to reach a profit target of 10% while not surpassing their 5% maximum daily loss or 10% maximum loss rules. You are required to hit your profit target in 30 calendar days from the day you place your first position on your evaluation account. You are also required to trade a minimum of five trading days in order to proceed to phase two.
Evaluation phase two requires a trader to reach a profit target of 5% while not surpassing their 5% maximum daily loss or 10% maximum loss rules. You are required to hit your profit target in 60 calendar days from the day you place your first position on your evaluation account. You are also required to trade a minimum of five trading days in order to proceed to a funded account.
By completing both evaluation phases, you are awarded a funded account where you have no profit targets. You are only required to respect the 5% maximum daily loss and 10% maximum loss rules. Your first profit split will be 80% based on the profits that you made. In addition, you will also receive a 15% profit share based on the profit you make in each evaluation phase once you make a return of 5% on your funded account. After your first payout, you will start receiving your payouts on a bi-weekly basis.
Evaluation model account scaling plan
Evaluation model accounts also have a scaling plan. You are required to reach a profit target of 10% or more within a four-month period where two out of the four months were profitable and the last month has to end in profit. You will receive an account increase of 40% of the original account balance with a possibility to increase your account balance all the way up to $4,000,000. In addition, your profit split will also increase to 90% when you scale your account for the first time.
Example:
After 4 months: If you have a $200,000 account, your account balance will increase to $280,000.
After next 4 months: Balance of $280,000 increases to $360,000.
After next 4 months: Balance of $360,000 increases to $440,000.
And so on…
Trading instruments for the evaluation program accounts are forex pairs, commodities, and indices.
Evaluation model account rules
- Profit target is a specific percentage of profit that a trader is required to obtain before they can complete an evaluation phase, withdraw profits, or scale their account. Phase 1 profit target is 10% while phase 2 has a profit target of 5%. Funded accounts have no profit targets.
- Maximum daily loss is the maximum loss a trader can reach on a daily basis before the account is violated. All account sizes have a maximum daily loss of 5%.
- Maximum loss is the maximum loss a trader can reach overall before the account is violated. All account sizes have a maximum loss of 10%.
- Minimum trading days is the minimum period which you are required to trade for before you can complete an evaluation phase, or request a withdrawal. Both phases have a 5 minimum trading day requirement.
- Maximum trading days are the maximum period in which you are required to hit a specific profit target or withdrawal target. Phase 1 has a maximum of 30 trading days period while phase 2 has a maximum of 60 trading days period.
Consistency Express model accounts
FundedNext Consistency Express model account allows traders to meet the one-step evaluation requirements with no maximum trading day requirements and up to 1:100 leverage.
| Account Size | Price (Standard) | Price (Swap-free) |
|---|---|---|
| $6,000 | $49 | $54 |
| $15,000 | $99 | $109 |
| $25,000 | $199 | $219 |
| $50,000 | $299 | $329 |
| $100,000 | $549 | $604 |
| $200,000 | $999 | $1,099 |
The Consistency Express model evaluation phase requires a trader to reach a profit target of 25% without surpassing the 5% maximum daily or 10% maximum loss rules. You have no maximum trading day requirements, so you can take as long as you please. However, during your trading period, you have a requirement to trade for at least 10 trading days per month. While trading, you are also required to respect the consistency rule that will assist you in sharpening your trading habits and make sure you are gaining your profits in a consistent way until you reach your profit target. Note that you will be receiving a 15% profit share based on the profit you make in the evaluation phase on a 4-week trading cycle until you reach the required profit target.
By completing your Consistency Express model evaluation phase, you are awarded a funded account where you have no profit targets. You are only required to respect the 5% maximum daily and 10% maximum loss rules. Note that despite becoming funded, you will still require to follow their consistency rule. In addition, you are required to trade for a minimum of 10 trading days in each monthly trading cycle. Your first profit split will be 60% based on the profits that you made. After your first withdrawal, your profit split will increase to 75%, and after the second withdrawal, you will reach your final profit split of 90%.
Consistency Express model account scaling plan
Consistency Express model accounts also have a scaling plan. You are required to reach a profit target of 10% or more within a four-month period where two out of the four months were profitable and the last month has to end in profit. You will receive an account increase of 40% of the original account balance with a possibility to increase your account balance all the way up to $4,000,000.
Example:
After 4 months: If you have a $100,000 account, your account balance will increase to $140,000.
After next 4 months: Balance of $140,000 increases to $180,000.
After next 4 months: Balance of $180,000 increases to $220,000.
And so on…
Trading instruments for the Consistency Express model accounts are forex pairs, commodities, and indices.
Consistency Express model account rules
- Profit target is a specific percentage of profit that a trader is required to obtain before they can complete an evaluation phase, withdraw profits, or scale their account. Profit target for the evaluation period is 25%, while the funded account has no profit targets.
- Maximum daily loss is the maximum loss a trader can reach on a daily basis before the account is violated. All account sizes have a maximum daily loss of 5%.
- Maximum loss is the maximum loss a trader can reach overall before the account is violated. All account sizes have a maximum loss of 10%.
- Minimum trading days is the minimum period which you are required to trade for before you can complete an evaluation phase, or request a withdrawal. You are required to trade for a minimum of 10 trading days during your evaluation period. You will also be required to trade a minimum of 10 trading days in each monthly trading cycle.
- No weekend holding means that traders are not allowed to hold open positions during the weekends.
- No news trading means that traders are not allowed to trade during high-impact news releases. You are restricted from opening and closing any trade 5 minutes before and after the news during your evaluation period as well as funded status.
- The consistency rule is a rule that requires traders to have consistent position sizes, risk management, losses, gains, etc… Meaning that the characteristics of the account results should not differentiate drastically.
Non-consistency Express model accounts
FundedNext Non-consistency Express model account allows traders to meet the one-step evaluation requirements with no maximum trading day requirements and up to 1:100 leverage.
| Account Size | Price (Standard) | Price (Swap-free) |
|---|---|---|
| $6,000 | $59 | $65 |
| $15,000 | $119 | $131 |
| $25,000 | $229 | $252 |
| $50,000 | $379 | $417 |
| $100,000 | $699 | $769 |
The Non-consistency Express model evaluation phase requires a trader to reach a profit target of 25% without surpassing the 5% maximum daily or 10% maximum loss rules. You have no maximum trading day requirements, so you can take as long as you please. However, during your trading period, you have a requirement to trade for at least 10 trading days per month. Note that this account type has no consistency rule to follow, meaning you can trade with almost no limitations with an end goal of reaching your profit target. Note that you will be receiving a 15% profit share based on the profit you make in the evaluation phase on a 4-week trading cycle until you reach the required profit target.
By completing your Non-consistency Express model evaluation phase, you are awarded a funded account size of 25% of the challenge amount where you have no profit targets. This means that if you pass the $100,000 Non-consistency Express model evaluation, you will receive a $25,000 funded account. You are only required to respect the 5% maximum daily and 10% maximum loss rules. Note that this account type has no consistency rule to follow, meaning you can trade with almost no limitations. However, note that you are required to trade for a minimum of 10 trading days in each monthly trading cycle. Your first profit split will be 60% based on the profits that you made. After your first withdrawal, your profit split will increase to 75%, and after the second withdrawal, you will reach your final profit split of 90%.
Non-consistency Express model account scaling plan
Non-consistency Express model accounts also have a scaling plan. You are required to reach a profit target of 10% or more within a four-month period where two out of the four months were profitable and the last month has to end in profit. You will receive an account increase of 40% of the original account balance with a possibility to increase your account balance all the way up to $4,000,000.
Example:
After 4 months: If you have a $25,000 account, your account balance will increase to $35,000.
After next 4 months: Balance of $35,000 increases to $45,000.
After next 4 months: Balance of $45,000 increases to $55,000.
And so on…
Trading instruments for the Non-consistency Express model accounts are forex pairs, commodities, and indices.
Non-consistency Express model account rules
- Profit target is a specific percentage of profit that a trader is required to obtain before they can complete an evaluation phase, withdraw profits, or scale their account. Profit target for the evaluation period is 25%, while the funded account has no profit targets.
- Maximum daily loss is the maximum loss a trader can reach on a daily basis before the account is violated. All account sizes have a maximum daily loss of 5%.
- Maximum loss is the maximum loss a trader can reach overall before the account is violated. All account sizes have a maximum loss of 10%.
- Minimum trading days is the minimum period which you are required to trade for before you can complete an evaluation phase, or request a withdrawal. You are required to trade for a minimum of 10 trading days during your evaluation period. You will also be required to trade a minimum of 10 trading days in each monthly trading cycle.
- No news trading means that traders are not allowed to trade during high-impact news releases. You are restricted from opening and closing any trade 5 minutes before and after the news during your evaluation period as well as funded status.
What makes FundedNext different from other prop firms?
FundedNext is different from most industry-leading prop firms due to offering four different funding models: Two-step Stellar, One-step Stellar, Evaluation, and Express. In addition, they also have relatively straightforward and relaxed trading rules.
Compared to other prop firms, FundedNext’s two-step Stellar challenge model account is a funding challenge, where traders are required to complete two phases before being eligible for payouts. The profit target is 8% in phase one and 5% in phase two, with a 5% maximum daily and 10% maximum loss rules. Note that you have no maximum trading day requirements. However, when it comes to minimum trading days, you are required to trade for 5 calendar days. Two-step Stellar challenge model accounts also have a scaling plan. Compared to other industry-leading prop firms, they have relatively low profit targets and no maximum trading day limitations.
Example of comparison between FundedNext & Finotive Funding
| Trading objectives | FundedNext | Finotive Funding |
|---|---|---|
| Phase 1 Profit Target | 8% | 7.5% |
| Phase 2 Profit Target | 5% | 5% |
| Maximum Daily Loss | 5% | 5% |
| Maximum Loss | 10% | 10% |
| Minimum Trading Days | 5 Calendar Days | No Minimum Trading Days |
| Maximum Trading Period | Phase 1: Unlimited Phase 2: Unlimited | Phase 1: Unlimited Phase 2: Unlimited |
| Profit Split | 80% up to 90% | 75% up to 95% |
Example of comparison between FundedNext & Blue Guardian
| Trading objectives | FundedNext | Blue Guardian (Elite) |
|---|---|---|
| Phase 1 Profit Target | 8% | 8% |
| Phase 2 Profit Target | 5% | 4% |
| Maximum Daily Loss | 5% | 4% |
| Maximum Loss | 10% | 10% |
| Minimum Trading Days | 5 Calendar Days | 5 Calendar Days |
| Maximum Trading Period | Phase 1: Unlimited Phase 2: Unlimited | Phase 1: Unlimited Phase 2: Unlimited |
| Profit Split | 80% up to 90% | 85% |
Example of comparison between FundedNext & Alpha Capital Group
| Trading objectives | FundedNext | Alpha Capital Group |
|---|---|---|
| Phase 1 Profit Target | 8% | 8% |
| Phase 2 Profit Target | 5% | 5% |
| Maximum Daily Loss | 5% | 5% |
| Maximum Loss | 10% | 10% |
| Minimum Trading Days | 5 Calendar Days | 3 Calendar Days |
| Maximum Trading Period | Phase 1: Unlimited Phase 2: Unlimited | Phase 1: Unlimited Phase 2: Unlimited |
| Profit Split | 80% up to 90% | 80% |
Compared to other prop firms, FundedNext’s one-step Stellar challenge model account is a one-step evaluation program, where traders are required to complete one phase before being eligible for payouts. The profit target for the evaluation phase is 10%, with a 3% maximum daily and 6% maximum loss rules. Note that you have no maximum trading day requirements. However, when it comes to minimum trading days, you are required to trade for 5 calendar days. One-step Stellar challenge model accounts also have a scaling plan. Compared to other industry-leading prop firms, they have average maximum loss rules and no maximum trading day limitations.
FundedNext evaluation model, on the other hand, is another two-phase evaluation program that requires traders to complete two phases before being eligible for payouts. The profit target is 10% in phase one and 5% in phase two, with a 5% maximum daily and 10% maximum loss rules. You are also required to trade for a minimum of 5 days in each phase before becoming funded. Evaluation programs also have a scaling plan. Compared to other industry-leading prop firms, they have average profit targets and minimum trading day requirements.
Example of comparison between FundedNext & My Forex Funds
| Trading objectives | FundedNext | My Forex Funds |
|---|---|---|
| Phase 1 Profit Target | 10% | 8% |
| Phase 2 Profit Target | 5% | 5% |
| Maximum Daily Loss | 5% | 5% |
| Maximum Loss | 10% | 12% |
| Minimum Trading Days | 5 Calendar Days | 5 Calendar Days |
| Maximum Trading Period | Phase 1: 30 Calendar Days Phase 2: 60 Calendar Days | Phase 1: Unlimited Phase 2: Unlimited |
| Profit Split | 80% up to 90% | 75% up to 90% |
Example of comparison between FundedNext & E8 Funding
| Trading objectives | FundedNext | E8 Funding (Normal) |
|---|---|---|
| Phase 1 Profit Target | 10% | 8% |
| Phase 2 Profit Target | 5% | 5% |
| Maximum Daily Loss | 5% | 5% |
| Maximum Loss | 10% | 8% (Scaleable up to 14%) |
| Minimum trading days | 5 Calendar Days | No Minimum Trading Days |
| Maximum Trading Period | Phase 1: 30 Calendar Days Phase 2: 60 Calendar Days | Phase 1: Unlimited Phase 2: Unlimited |
| Profit Split | 80% up to 90% | 80% |
Example of comparison between FundedNext & True Forex Funds
| Trading objectives | FundedNext | True Forex Funds (Limitless) |
|---|---|---|
| Phase 1 Profit Target | 10% | 8% |
| Phase 2 Profit Target | 5% | 5% |
| Maximum Daily Loss | 5% | 5% |
| Maximum Loss | 10% | 10% |
| Minimum trading days | 5 Calendar Days | 5 Calendar Days |
| Maximum Trading Period | Phase 1: 30 Calendar Days Phase 2: 60 Calendar Days | Phase 1: Unlimited Phase 2: Unlimited |
| Profit Split | 80% up to 90% | 80% |
Compared to other prop firms, FundedNext express model accounts are a one-phase evaluation program that requires traders to complete and hit a profit target before being eligible for payouts. You can choose between a Consistency and Non-consistency Express model account. The profit target for the challenge phase is 25%, with a 5% maximum daily and 10% maximum loss rules. You are also not allowed to hold trades over the weekend for Consistency Express model accounts or trade during high-impact news releases for both Express model variants. You have a requirement of 10 minimum trading days, while there are no maximum trading day limitations. Express model accounts also have a scaling plan with the potential to work with up to $4,000,000 capital.
In conclusion, FundedNext is different from most industry-leading prop firms by offering four different funding programs. In addition, they also offer traders relatively relaxed and straightforward trading rules, which makes them an excellent choice no matter what type of trader you are.
Is getting FundedNext capital realistic?
It’s essential to see how realistic the trading requirements are when looking at prop firms that best suit your forex trading style. For example, a company offering a high % profit split on a highly funded account sounds great, but if they expect high % gains per month with low % maximum drawdowns, your chances of success become close to zero.
Receiving capital from the two-step Stellar challenge model accounts is realistic mostly since they have below average profit targets (8% in phase one and 5% in phase two) and average maximum loss rules (5% maximum daily and 10% maximum loss).
Receiving capital from one-step Stellar challenge model accounts is realistic mostly since they have an average profit target of 10% with average maximum loss rules (3% maximum daily and 6% maximum loss).
Receiving capital from the evaluation model is realistic mostly since they have industry-average profit targets (10% in phase one and 5% in phase two) and maximum loss rules (5% maximum daily and 10% maximum loss).
Receiving capital from the express model is realistic despite the fact they have a profit target of 25% with a 5% maximum daily and 10% maximum loss rules. The main reasoning behind that is due to the fact that there are no maximum trading day limitations. You can take your time by slowly acquiring profits and achieving your profit target to become funded. In addition, you can also choose between Consistency and Non-consistency Express model accounts based on the type of trader you are.
After considering all of that, FundedNext is an excellent choice to get funded since you can choose between four different funding programs: Two-step Stellar, one-step Stellar, Evaluation, and Express, which all have realistic trading objectives to follow and conditions to receive payouts.
Payment proof
FundedNext was incorporated on the 18th of March, 2022. They have now been running for more than a year and are continuing to develop into one of the best while also being the fastest-growing proprietary trading firms in the industry.
You can see payment proof by clicking on the image below!
More payout proof can mostly be found under posts on their Instagram account. In addition, you can also find a large number of payout proofs in their Discord server under payout-proof and 5-digit payouts general chats. You can also find examples of payouts on their Telegram channel under pinned posts, you will find something like the examples below.
Which brokers do FundedNext use?
FundedNext has integrated its technology with a broker Eightcap, an ASIC-regulated broker in Melbourne, Australia. They were founded in 2009 with a simple, straightforward mission to provide exceptional financial services to its clients. They have five offices around the globe and regulations in multiple locations providing clients worldwide with the ability to trade on markets across FX, indices, commodities, and shares.
Eightcap is considered average-risk, with an overall Trust Score of 73 out of 99. They have the following features:
- Forex Trading
- CFD Trading
- Cryptocurrency Trading
- Social Trading/Copy-Trading
- A total of 326 Tradeable Symbols
- A total of 45 Forex Pairs
They offer two account types, one being Raw and the other Standard. The commissions and fees will depend on which of the two you choose. Fees for Standard accounts are built into a spread and for Raw accounts into a commission. Another fee you should always consider is the overnight fee, which is an interest for holding an open position overnight in trading.
Being a MetaTrader only broker, their offers are MetaTrader 4 and the newer MetaTrader 5 platforms from MetaQuotes Software Corporation.
They deliver a personalized trading experience and create an ultra-efficient technology infrastructure for you to trade on and have been awarded the Best Global Forex MT4 Broker 2020 at the Global Forex Awards for doing so.
Keep in mind that FundedNext also has its own mainline server on MT5 ”GrowthNext Server”. As for trading platforms, you can use MetaTrader 4 or MetaTrader 5.
Trading instruments
FundedNext allows you to trade forex pairs, commodities, and indices with a 1:100 leverage.
| FOREX: | AUD/CAD | AUD/CHF | AUD/JPY | AUD/NZD | AUD/SGD |
| AUD/USD | CAD/CHF | CAD/JPY | CHF/JPY | EUR/AUD | EUR/CAD |
| EUR/CHF | EUR/HUF | EUR/JPY | EUR/NOK | EUR/NZD | EUR/PLN |
| EUR/TRY | EUR/USD | GBP/AUD | GBP/CAD | GBP/CHF | GBP/JPY |
| GBP/NZD | GBP/USD | NZD/CAD | NZD/CHF | NZD/JPY | NZD/USD |
| SGD/JPY | USD/CAD | USD/CHF | USD/DKK | USD/HKD | USD/HUF |
| USD/JPY | USD/MXN | USD/NOK | USD/PLN | USD/SEK | USD/SGD |
| USD/THB | USD/TRY | USD/ZAR |
| COMMODITIES: | UKO/USD | USO/USD | XAU/USD | XAG/USD |
| INDICES: | FRA40 | EUSTX50 | JPN225 | NDX100 | SPX500 |
| UK100 | US2000 | USDX | VIX | AUS200 | GER30 |
| HK50 | US30 |
Trading fees
Trading commission:
| Assets | Fee terms |
|---|---|
| FOREX | 3 USD / LOT |
| COMMODITIES | 3 USD / LOT |
| INDICES | 0 USD / LOT |
Spread:
In order to check the live spreads login to the trading account below:
| Platform | Server | Login number | Password | Download platform |
|---|---|---|---|---|
| MetaTrader 4 | Incenteco-Live | 123456 | FN2022 | Click here |
| MetaTrader 5 | Growthnext-Server | 123456 | FN2022 | Click here |
Education & Support for traders
FundedNext provides traders with an educational Prop Trader Secrets pdf e-book, which they can access through the free dashboard signup. They also provide free trading psychology sessions on a weekly basis on Twitter space.
On the other hand, they have a thread about them on Forex Factory to discuss details about the firm and the features they provide to other users.
Another thing FundedNext provides to its traders is a well-structured dashboard that all of its clients can access, making it easier to manage risk with all the objectives of their statistics.
Traders’ Comments about FundedNext
FundedNext has excellent reviews from its community.
On Trustpilot, they have a rating of 4.7/5 from 6,226 reviews. Note that they launched on the 18th of March, 2022, which means that they have already acquired a huge following from their community in a period of a year and a half.
FundedNext’s community mostly praises its responsive customer support team and the smoothness of its well-structured dashboard, which allows them to consistently monitor their trading progress.
Social media statistics
FundedNext can also be found on social media.
They have a:
- Facebook page with 54k followers,
- Twitter account with 34k followers,
- Instagram account with 30k followers, and
- Youtube channel with 26k subscribers and 154 uploaded videos.
In addition, FundedNext also has a Telegram channel with 12k members and a Discord channel with 45kmembers.
Support
FundedNext has a detailed FAQ page where you can find all the information that you need.
The support team is available on their social media, or you can directly contact them on their email support@fundednext.com.
FundedNext live chat support team is available 24/7, another way to contact them is by writing a ticket on their website. You can do so by clicking here.
Conclusion
In conclusion, FundedNext is one of the newer and more reliable proprietary trading firms in the industry that offers traders a chance to choose between the Two-step Stellar, one-step Stellar, Evaluation, and Express models. In addition, they also have relatively relaxed and straightforward trading rules.
Two-step Stellar challenge model accounts require the completion of two phases before becoming funded and being eligible to earn profit splits. FundedNext requires traders to reach profit targets of 8% in phase one and 5% in phase two before becoming funded. These are realistic trading objectives considering you have a 5% maximum daily and 10% maximum loss rules to follow. With two-step Stellar challenge model accounts, you can earn 80% up to 90% profit splits while also being able to scale your accounts.
One-step Stellar challenge model accounts require the completion of one phase before becoming funded and eligible to earn profit splits. FundedNext requires traders to reach a profit target of 10% before becoming funded. These are realistic trading objectives considering you have a 3% maximum daily and 6% maximum loss rules to follow. With one-step Stellar challenge model accounts, you can earn 80% up to 90% profit splits while also being able to scale your accounts.
Evaluation model accounts are an industry-standard two-phase challenge that requires the completion of two phases before becoming funded and being eligible to earn profit splits. FundedNext requires traders to reach profit targets of 10% in phase one and 5% in phase two before becoming funded, which are realistic trading objectives considering you have a 5% maximum daily and 10% maximum loss rules to follow. With evaluation programs, you can earn 80% up to 90% profit splits while also being able to scale your accounts.
And lastly, Express model accounts are a one-step challenge that requires the completion of one phase before becoming funded and being eligible to earn profit splits. FundedNext requires traders to reach a profit target of 25% before becoming funded while respecting the 5% maximum daily and 10% maximum loss rules. In addition, you can also choose between Consistency and Non-consistency Express model accounts based on the type of trader you are. You are required to trade for a minimum of 5 calendar days with no maximum trading days limitations, meaning that you can acquire profits slowly and take all the time that you need. With express model accounts, you can earn 60% up to 90% profit split while also being able to scale your accounts.
I would recommend FundedNext to any trader who is looking for a legitimate prop firm with straightforward rules and trading objectives. While they are one of the newest prop firms in the industry, they have proven themselves to be trustworthy and a safe choice for anyone looking to acquire capital with them. In addition, they also offer traders excellent conditions for a large pool of individuals with unique trading strategies. After considering everything FundedNext has to offer, they are for sure one of the industry-leading proprietary trading firms at the moment.
This review about FundedNext was lastly updated on 28.08.2023 at 12:58 (CE(S)T).
So, what do you think about the layout of the Proprietary Trading firm? Does FundedNext have the instruments that you want to trade?
Let us know if you enjoyed our FundedNext Proprietary Trading firm review!
FundedNext Review (10% discount code: FOREXPROPREVIEWS) Details
thank you for this review
didn’t find anything reliable about this firm until I saw it here
a lot of great information
thank you for review
Thank you for discount!
Great how unique they are, 2nd firm that allows you to earn from the evaluation stages!
FundedNext change minimum trading days to 5 days.
You are correct, we have updated our FundedNext review now and implemented their last update which are the reduced minimum trading day requirements.
Great update with the now 5 minimum trading days. I hope they do something about the profit targets in the near future. Maybe 8% phase 1 and 5% phase 2.
Earning from the evaluation stages is an incredible feature! I just hope they reduce the profit target in stage two in the future.
This firm is going to become a better FTMO in a couple of years for sure
The 15% profit share from evaluation is legit just received it thank you FundedNext!
I hope they remove the 5 minimum trading days sometime in the future!
FundedNext has a very good dashboard, I am beyong impressed.
If this prop firm decreased the profit target to 8% in phase one they really would have no competition!
Appreciate the review, really made me make up my mind on which prop firm to go for
Thank you
Thanks for discount
Hello Trader,
This is Rahat from FundedNext.
We have found you were trading during the high-impact news, which is not permitted according to our rule.
Account Number: 90008796
Here is the ticket number:
10969443
10958170
Please get in touch with your account manager about this.
Regards,
Rahat
FundedNext Support Team
************
As long as we lose money on fundednext there is no problem you are allowed to do anything you want. But once you pass the insane profit target then they will make excuses. In their marketing, they said you will get a refund and a 15% return from your demo phase but this is a lie. There are more conditions that apply once you get their real account. In my robot, I tested with 0.01 trade and it makes some trade which is very small and there is no huge profit or loss. It’s like 0.78 USD now they pause my account and said I violated their rules. Alright at least they can refund the fee and the demo phase 15% profit but no. There will be no pay. I am curious is there any real person trading with them? If anyone makes a trade with them please reply to this review thanks!
The no time limit option gives everyone enough time to wait for the perfect setup